【特斯拉股价单日暴跌超4% 市值一夜蒸发约4300亿元 】#特斯拉股价暴跌#当地时间1月6日，美股市场 剧烈震荡。新能源汽车巨头美国特斯拉股价单日暴跌4.14%，报收432.96美元/股，总市值下跌至1.44万 亿美元，市值一夜蒸发662.3亿美元，折合人民币超4346亿元，接近于5个蔚来的总市值规模。消息面 上，据央视新闻，当地时间1月2日，特斯拉公布的数据显示，该公司2025年全球交付汽车163.6万辆， 同比下降约8.6%，连续两年销量下滑。这也是特斯拉有史以来首次在全年电动汽车销量上被中国汽车 制造商比亚迪超越。比亚迪发布的2025年12月产销快报显示，2025年全年比亚迪累计销量460.24万辆， 同比增长7.73%。其中纯电车型全年累计225.67万辆，同比大增27.86%。（红星资本局视频） 转自：今晚报 （来源：今晚报） ...

文｜快刀财经 唐纳德 车祸横行、智驾噱头满天飞、价格战喋喋不休、国产豪车迈上台面、车企求生欲达到极限……2025年的新能源汽车行业到底发生了怎样的巨大变化？ 回到各个厂商界面。 对外而言，无论是车主还是投资人，都需要在穿越经济的过程中，看透新旧力量变化、大势与商业竞争变化的规律。汽车工业是万亿级规模，借助于这个 行业在2025年的表现，可以给新年规划带来很多有价值的东西。 但由于各大媒体同行已经从各个维度对新能源汽车作了总结。不妨通过对比的逻辑，借助同样是万亿级，且在产业链、渠道模式、产品定义等方面都极为 相似的消费电子手机行业的发展背景，来重新审视新能源汽车行业的情况。 为此不难总结3个方面的主题：激进的一年、反内卷的一年和不确定2026年。 01、激进的一年 过去十来年，智能手机行业从4G迈入5G，从机海战术迈入规模上量，在每年2亿—4亿台出货量后又跌入1亿＋的体量。参考其发展规律，新能源汽车实际 上还处于智能手机行业大致在2017年的阶段。 基于每日经济新闻等媒体整理的公开资料。在2025年年度任务大考上，比亚迪以460.24万辆的成绩占据榜首，吉利汽车以39%的同比增速成为传统车企中 增长最快的企业， ...

Core Insights - NIO has reached a significant milestone with the production of its one-millionth vehicle, but it still holds only about 1% of the Chinese automotive market, indicating a long journey ahead in a highly competitive landscape [1] - The company is entering a new phase of growth, focusing on expanding its brand matrix and enhancing operational efficiency while aiming for a 40%-50% annual growth rate without setting specific sales targets for 2026 [4][5] Group 1: Company Strategy and Market Position - NIO's founder, Li Bin, emphasizes the importance of not becoming complacent and acknowledges the competitive nature of the market, predicting that only about ten Chinese EV companies will survive in the long run [1] - The company has segmented its development into three phases: rapid growth (2018-2021), an adjustment period with growth (2022-2025), and a new phase starting in late 2025 characterized by a mature brand matrix and technological advancements [2] - NIO plans to deepen its market penetration by expanding its sales network into 210 cities, aiming to compete more effectively with established brands [4] Group 2: Product Development and Technological Advancements - NIO is set to launch the ES9, a flagship SUV, in the second quarter of 2026, which is expected to leverage the company's technological advantages to deliver significant user value [5] - The company has committed to building at least 1,000 new battery swap stations in 2026, addressing the critical issue of battery life synchronization in electric vehicles [5] - NIO is increasing its investment in computing power to enhance its smart driving capabilities, with plans for large-scale model training in 2026 [5] Group 3: Financial Performance and Profitability - Li Bin expresses confidence in achieving profitability in the fourth quarter, driven by high-margin models like the new ES8 and effective cost management [3] - The company has invested over 65 billion yuan in R&D, focusing on self-developed technologies that create a competitive edge [3] - Despite rising costs due to material price increases, NIO plans to absorb some of the pressure without adjusting vehicle prices, relying on existing profit margins [5]

1月7日，多氟多跌5.04%，截至发稿，报33.35元/股，成交37.72亿元，换手率10.20%，总市值397.01亿 元。 资料显示，多氟多新材料股份有限公司位于河南省焦作市中站区焦克路，成立日期1999年12月21日，上 市日期2010年5月18日，公司主营业务涉及六氟磷酸锂及电子化学品、锂离子电池、新能源汽车、无机 氟化盐。主营业务收入构成为：新能源材料34.97%，氟基新材料30.39%，新能源电池25.30%，电子信 息材料5.55%，其他3.80%。 从基金十大重仓股角度 数据显示，融通基金旗下1只基金重仓多氟多。融通新能源汽车主题精选A（005668）三季度持有股数 128.22万股，占基金净值比例为5.82%，位居第五大重仓股。根据测算，今日浮亏损失约226.95万元。 融通新能源汽车主题精选A（005668）成立日期2018年6月15日，最新规模4.24亿。今年以来收益 1.92%，同类排名5891/8823；近一年收益62.69%，同类排名1167/8083；成立以来收益222.21%。 融通新能源汽车主题精选A（005668）基金经理为王迪。 截至发稿，王迪累计任职时间7年204天，现 ...

开源证券研报指出，赛力斯多款车型齐发力，问界2025年12月交付量再创历史新高，2026年强势新车周 期延续。12月实现新能源车销量6.10万辆，同比增长63.4%；2025年全年实现新能源车销量47.23万辆， 同比增长10.6%。而受问界新M7、M8等车型拉动，公司副总裁康波宣布，问界2025年12月新车交付超 5.7万辆，再创单月交付新高，2025年新车交付超42万辆。考虑到公司新车持续放量，引望投资收益有 望逐步增长，全球化发展加速，积极布局具身智能领域，维持"买入"评级。 ...

一方面，公司已建成电池、电驱、电控、车灯、座椅等17 大零部件工厂，核心零部件自研自制比例达 BOM 成本65%，相比外购具备约10%成本优势；另一方面，LEAP 平台实现零部件高度通用，使 C10/C16 等车型可在统一架构下快速衍生，显著摊薄单车研发及制造成本。海外方面，借助Stellantis 渠 机构：华泰证券 研究员：宋亭亭/张硕 2025 年12 月28 日零跑举办十周年发布会，29 日一汽约37.4 亿元溢价入股正式公告，长期战略剑指世界 级车企，2026 年1 月1 日公布2025 年全年销量达到59.7 万台。过去十年，零跑完成全域自研+平台化体 系构建，2025年销量近60 万辆，首次全年盈利在望，基本面拐点确立。发布会上D19 明确26 年4 月上 市、D99 首次亮相，高端化正式启航；一汽入股获约5%股权，央企战略认可+动力总成联合开发兑现， Stellantis（海外）+一汽（国内）双轮合作格局正式成型。展望下一个十年，公司目标26 年销量100 万 辆、长期400 万辆。25-27 年公司迎全球化新车周期，叠加战略合作逐步贡献增量，我们预计营收将高 速增长并迎盈利拐点。维持买入评级 ...

对于看好中国科技成长板块长期发展的投资者，创业板50ETF（159949）提供了便捷高效的投资工具。 该产品近三年回报47.89% ，跑赢业绩比较基准，在1824只产品中排在357位。投资者可通过股票账户直 1月7日，A股三大股指半日收涨。沪指涨0.29%，逼近4100点，并再度创出近10年新高；创业板指则冲 高回落。受此影响，创业板50ETF（159949）上涨0.32%，报1.578元，换手率达3.57%，成交额10.66亿 元，居同类标的ETF首位。 | 代码 | 名称 | 现价 | 版跌幅 IOPV | 湖北縣 | 换手率 | 成交金额 ▼ 5日涨跌幅 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 159949 | 创业板50ETF | 1.578 | 0.32% 1.5781 -0.01% | | 3.57% | 10.66亿 | 3.00% | | 159682 | ONL 50ETF | 1.532 | 0.39% 1.5303 | 0.11% | 2.92% | 1.51亿 | 2.96% | | 159681 | @50ETF ...

Core Insights - Changsha is focusing on building a modern industrial system known as "4433," aiming to establish itself as a significant advanced manufacturing hub in China [3][8][29] - The manufacturing sector in Changsha is expected to see a year-on-year growth of approximately 7.5% in industrial added value for 2025, showcasing resilience amid challenging economic conditions [8] - The city is enhancing its industrial ecosystem through policies that support digital transformation, green development, and innovation incentives [8][27] Industry Development - Changsha's manufacturing landscape is characterized by a vibrant ecosystem where large enterprises and small specialized firms collaborate, creating a robust industrial chain [7][9] - The city has established 17 interconnected industrial chains and 21 industrial clusters, promoting synergy among upstream and downstream enterprises [7] - The "Five Chains Integration" mechanism is being implemented to enhance collaboration across technology, innovation, finance, talent, and supply chains [17][18] Technological Innovation - Leading enterprises in Changsha are driving technological advancements, with significant improvements in automation and efficiency, such as a 123% increase in production capacity compared to traditional factories [11] - Changsha is home to 243 national-level "little giant" enterprises, which are recognized for their specialized and innovative capabilities [13] - The city has produced 10 national manufacturing single champion enterprises, representing the highest level of development in their respective sectors [14] Policy and Ecosystem Support - Changsha is actively improving its business environment, having been recognized among the top ten cities for business environment by private enterprises [28] - The local government is implementing various policies to support the growth of small and medium-sized enterprises, including a comprehensive public service system [27][30] - The city is fostering a culture of innovation, with numerous platforms established to encourage collaboration between enterprises and research institutions [31] Future Outlook - Changsha aims to continue its focus on the real economy, striving to build a modern industrial system centered around advanced manufacturing [31][32] - The city is positioned to leverage its accumulated experience and momentum to write a new chapter in the practice of modernization in China [31][32]

广州北郊，花都区岐山村。推土机的轰鸣声中，一座座钢结构厂房拔地而起。未来"独角兽"蓝海机器人 等6家企业率先摘牌的地块，相继全部或局部封顶，这个曾经的村镇工业集聚区，正蜕变为年产值近百 亿元的高端智能制造基地。 与此同时，40公里外的越秀区洪桥街，黉桥·小石集综合体的蝶变悄然完成——17栋危旧房消失，取而 代之的是一栋四层新建筑，红砖灰瓦间透出岭南韵味，30套青年人才公寓刚迎来首批住户。 两幅画面，同一场变革。作为自然资源部批复的首批低效用地再开发试点城市之一，广州正践行中央城 市工作会议指出的，从"大规模增量扩张"转向"存量提质增效"。 近期，南都N视频记者调研了广州四个具有代表性的低效用地再开发试点项目。它们形态各异，模式各 不相同：国企统筹做地、依法征收净地出让、村集体自筹自主改造、危旧房原拆原建。剥开表层差异， 又指向同一命题：在土地资源极度紧约束下，这座超大城市如何通过政策创新与模式探索，为不同困境 的存量空间找到"新生"路径，最终服务"制造业立市"与高质量发展？ 样本突围：四类空间的转型路径 在近7500平方公里的土地上，广州系统摸清了低效用地家底：面向2027年试点期限的155平方公里"项目 库 ...

Core Viewpoint - NIO has reached a significant milestone by producing its one millionth electric vehicle, marking its entry into the "million club" alongside other new energy vehicle manufacturers, and it aims to focus on future growth and profitability [1][2][9]. Group 1: Milestone Achievement - NIO's one millionth electric vehicle rolled off the production line, making it the second global brand after Tesla to achieve this milestone [1]. - The company has faced scrutiny regarding its survival, but reaching this production milestone is seen as a turning point [2][9]. Group 2: Financial Performance and Goals - NIO reported a non-GAAP loss of 2.7 billion RMB in Q3 2025, with a focus on achieving profitability in Q4 2025 [2]. - The company aims to deliver an average of 50,000 vehicles per month in Q4, but actual deliveries fell short at 124,800 units for the quarter, missing the target by approximately 20% [3]. - NIO's annual sales target for 2025 was set at 440,000 units, but it only achieved 326,000 units, indicating a completion rate of less than 80% [4]. Group 3: Market Competition and Challenges - NIO faces increasing competition from state-owned enterprises and joint ventures, as well as new entrants like Huawei and Xiaomi, which are impacting market dynamics [5]. - The main brand's sales declined by 11.13% from 2024 to 2025, contributing to the shortfall in meeting sales targets [5]. Group 4: Growth Strategy - NIO aims for annual growth of 40% to 50%, projecting sales of 1.75 million vehicles by 2030 based on its current performance [6]. - The company plans to enhance its sales and service network, targeting over 210 cities for coverage [5]. Group 5: Cost and Infrastructure Challenges - NIO has invested 65 billion RMB in R&D and 18 billion RMB in charging infrastructure, but faces cost pressures from supply chain fluctuations, particularly in lithium and chip prices [7]. - The company is also focused on building a robust infrastructure, with plans to establish 1,000 battery swap stations by 2026 and over 10,000 by 2030 [8]. Group 6: Long-term Vision - NIO continues to define itself as a startup, emphasizing the need to maintain an entrepreneurial mindset and improve its market share [9]. - The company acknowledges that while it has overcome immediate survival challenges, the path to profitability remains a critical focus [10].